Senate Bill S8777

2023-2024 Legislative Session

Relates to allowing season-long proposition bets and future award winners as authorized bets

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Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2023-S8777 - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1367, RWB L

2023-S8777 - Summary

Allows season-long proposition bets and future award winners as authorized bets; sets limitations for in-game and season-long proposition bets.

2023-S8777 - Sponsor Memo

2023-S8777 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8777
 
                             I N  S E N A T E
 
                              March 11, 2024
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Racing, Gaming and  Wager-
   ing
 
 AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
   relation to allowing season-long proposition  bets  and  future  award
   winners as authorized bets

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (x) of subdivision  1  of  section  1367  of  the
 racing,  pari-mutuel  wagering and breeding law, as amended by section 3
 of part Y of chapter 59 of the laws of  2021,  is  amended  to  read  as
 follows:
   (x) "Sports wagering" means wagering on sporting events or any portion
 thereof, or on the individual performance statistics of athletes partic-
 ipating  in  a sporting event, or combination of sporting events, by any
 system or method of wagering, including, but not limited  to,  in-person
 communication  and  electronic  communication  through internet websites
 accessed via a mobile device or computer,  and  mobile  device  applica-
 tions;  provided  however  that sports wagers shall include, but are not
 limited to, single-game bets, teaser  bets,  parlays,  over-under  bets,
 money  line,  pools, in-game wagering, in-play bets, IN-GAME AND SEASON-
 LONG proposition bets, and straight  bets;  AND  SEASON  AWARD  WINNERS;
 PROVIDED HOWEVER, THAT SUCH IN-GAME AND SEASON-LONG PROPOSITION BETS AND
 SEASON  AWARD  WINNERS  WAGERS SHALL BE LIMITED TO THOSE WAGERS THAT ARE
 PERFORMANCE-BASED UNLESS SUCH WAGERS WERE OTHERWISE  AUTHORIZED  BY  THE
 COMMISSION  AS  OF  THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO
 THOUSAND TWENTY-FOUR THAT AMENDED THIS PARAGRAPH; AND PROVIDED  FURTHER,
 THAT  COIN  TOSS  BETS  THAT  AFFECT  THE  GAMEPLAY OF AN EVENT SHALL BE
 PERMITTED AT ALL SPORTING EVENTS UNLESS PROHIBITED BY THE COMMISSION;
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14816-01-4

2023-S8777A (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1367, RWB L

2023-S8777A (ACTIVE) - Summary

Allows season-long proposition bets and future award winners as authorized bets; sets limitations for in-game and season-long proposition bets.

2023-S8777A (ACTIVE) - Sponsor Memo

2023-S8777A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8777--A
 
                             I N  S E N A T E
 
                              March 11, 2024
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Racing, Gaming and  Wager-
   ing  --  reported  favorably  from said committee and committed to the
   Committee on Finance -- committee discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee

 AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
   relation to allowing season-long proposition  bets  and  future  award
   winners as authorized bets
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (x) of subdivision  1  of  section  1367  of  the
 racing,  pari-mutuel  wagering and breeding law, as amended by section 3
 of part Y of chapter 59 of the laws of  2021,  is  amended  to  read  as
 follows:
   (x) "Sports wagering" means wagering on sporting events or any portion
 thereof, or on the individual performance statistics of athletes partic-
 ipating  in  a  sporting  event, [or] combination of sporting events, OR
 ANNUAL AWARDS OR HONORS FOR AN INDIVIDUAL ATHLETE  OR  TEAM  PERFORMANCE
 DURING  OR  THROUGHOUT  A  SEASON,  by any system or method of wagering,
 including, but not limited to, in-person  communication  and  electronic
 communication  through internet websites accessed via a mobile device or
 computer, and mobile device applications; provided however  that  sports
 wagers  shall  include, but are not limited to, single-game bets, teaser
 bets, parlays, over-under bets, money  line,  pools,  in-game  wagering,
 in-play  bets,  IN-GAME  AND  SEASON-LONG proposition bets, and straight
 bets; PROVIDED HOWEVER, THAT SUCH IN-GAME  AND  SEASON-LONG  PROPOSITION
 BETS SHALL BE LIMITED TO THOSE WAGERS THAT THE COMMISSION DETERMINES NOT
 TO  BE AT RISK OF UNDUE INTERFERENCE, INSIDER TRADING OF INFORMATION, OR
 OTHER ISSUES THAT COULD COMPROMISE THE INTEGRITY  AND  FAIRNESS  OF  THE
 SPORTS  WAGERING PROGRAM; AND PROVIDED FURTHER, THAT COIN TOSS BETS THAT
 AFFECT THE GAMEPLAY OF AN EVENT  SHALL  BE  PERMITTED  AT  ALL  SPORTING
 EVENTS  UNLESS  PROHIBITED  BY THE COMMISSION FOR REASONS RELATED TO THE
 INTEGRITY AND FAIRNESS OF THE SPORTS WAGERING PROGRAM;
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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